Mohegan Tribe agrees to sell Connecticut Sun for record $325 million
The Mohegan Tribe has reached an agreement to sell the Connecticut Sun to a group led by Boston Celtics minority owner Steve Pagliuca for a record $325 million, according to the Associated Press. The deal includes plans to move the WNBA team to Boston by 2027 and build a $100 million practice facility there.
The tribe purchased the Sun in 2003 for $10 million and relocated it from Orlando to Connecticut. It was the first time an WNBA franchise was run by a non-NBA owner. The current sale, first reported by The Boston Globe, is pending approval by the league and its Board of Governors. According to ICT, the Mohegan Tribe issued a statement saying that any agreement involving relocation would require WNBA approval and is subject to non-disclosure terms.
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